How Konkrete.io and EstateBaron.com fit together
Some of you may have seen a new title on my linkedin profile, founder at Konkrete.io
KONKRETE and Estate Baron are separate but quite synergetic enterprises. Estate Baron is a Property Development Crowdfunding platform. Over the years we have assisted over 15 Property Developers raise over 10 Million dollars from every day Australians for development projects all across Australia. We have developments in Brisbane, Gold Coast, Sydney, Perth and various parts of Melbourne.
Konkrete is the next step in our evolution to the Blockchain. Konkrete is the name of the utility token we are developing to make crowdfunding your home deposits possible. Here is a link to our draft whitepaper
But the infrastructure developed by Konkrete can be used by any securities offering and we plan to leverage it for our existing Property Development offerings as well. Here is a simple step by step explainer of the utility side
and the securities side for Fractional Property.
Konkrete benefits from the existing infrastructure we have created at Estate Baron for the tech, deep domain knowledge we have developed over the years as well as a seed community of over 3000 existing users. On the other hand once the Konkrete blockchain infrastructure is ready Estate Baron will be able to promote its Property development offers on the Blockchain alongside any other 3rd party security offerings on the Konkrete platform.
Konkrete.io is a JV between Estate Baron and Collective Campus. And while we are issuing utility tokens we do not plan to do a retail worldwide ICO. Instead we will be doing an airdrop to users who sign up and complete their KYC on the platform. It will also be given away as a reward for referrals and bounties. And we will also doing a rules driven smart contract enabled token generation to prevent the Konkrete token from rising too high too fast on various exchanges.
The purpose of the Konkrete token is
- To build up and reward the community of early and long term adopters
- Develop a distributed KYC system
- Develop a distributed securities ledger
- Develop automated AML/CTF on the distributed ledger
- Develop a peer to peer secondary market for securities
We will be limiting our token sale to private and wholesale investors on an invitation only basis. To get on our whitelist please visit Konkrete.io and request our whitepaper.